An IRA
The traditional IRS is when you make contributions with deducted money from your tax return and any earnings can actually grow tax-deferred till you withdraw them in your retirement.
“I prefer Vanguard [for the] lowest fee possible [with investments] spread across the market,” he said. As for whether you should open a Roth or traditional IRA, Wade said, “I personally recommend Roth because you are already saving on taxes now in your 401(k), and the Roth lets you save on taxes later. Win-win.”
